Key insights
- BNY Mellon declared a quarterly dividend of $0.53 per common share, payable in May 2026. Truist Securities raised its price target for BK to $140, citing increased net interest income. BNY Mellon also priced a $500 million preferred stock offering. These factors suggest a slightly positive outlook for BNY Mellon and potentially the broader financial sector.
NEW YORK - The Bank of New York Mellon Corporation (NYSE:BK) announced today that its Board of Directors declared a quarterly common stock dividend of $0.53 per share, according to a press release statement.
The common stock dividend is payable on May 8, 2026 to shareholders of record as of the close of business on April 27, 2026.
The board also declared dividends on several series of noncumulative perpetual preferred stock for the dividend period ending in June 2026, payable on June 22, 2026 to holders of record as of the close of business on June 5, 2026. The preferred stock dividends include $1,178.10 per share on Series A, $1,791.50 per share on Series H, $937.50 per share on Series I, $1,537.50 per share on Series K, $2,975.00 per share on Series L, and $1,640.63 per share on Series M.
As of March 31, 2026, BNY oversees $59.4 trillion in assets under custody and/or administration and $2.1 trillion in assets under management.
In other recent news, Robinhood Markets has been designated by the Treasury Department to assist in administering the new Trump Accounts program, serving as a brokerage and initial trustee. This partnership with Bank of New York Mellon, which will manage the initial accounts and help develop the Trump Accounts app, marks a significant development for Robinhood. Compass Point reiterated a Buy rating for Robinhood with a price target of $108, reflecting confidence in the company’s role in this initiative.
Meanwhile, Bank of New York Mellon has seen a positive adjustment from Truist Securities, which raised its stock price target to $140, citing increased net interest income from an expanded balance sheet. Despite some challenges with fee revenue and elevated expenses, the firm’s outlook remains optimistic. Additionally, BNY Mellon announced the pricing of a $500 million preferred stock offering, with a dividend rate set at 5.625%.
In the mining sector, Compañía de Minas Buenaventura reported its fourth-quarter production results for 2025, with 35,151 ounces of gold and 4,056,888 ounces of silver produced. The company also issued guidance for 2026, indicating ongoing developments in its operations. These updates reflect a busy period for the companies involved, with significant financial and operational activities underway.
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